Sweden has been ranked as the top country to live as an immigrant, according to a latest US study.

The study ranked Canada as the second and Switzerland as the third best countries for migration.

US News and World Report, which compiled the ranking, assesses 80 countries based on their economic stability, income equality, and labour markets to finalise list. Thousands of business leaders and members of the public are also consulted in order for the ranking to be compiled.

For the immigration rankings, US News and World Report also looked at the share of migrants in a country's population, the amount of money migrants in each country were able to send abroad, and United Nations rankings of integration policies in different countries, among other factors.

The research comes after an OECD report published in June, in which developed nations were urged to work hard to integrate immigrants to the mutual benefit of host and origin countries.

According to the study, Australia and Germany secured the 4th and the 5th places accordingly on the list, which also includes Norway, United States, Netherlands, Finland and Denmark among top 10 countries.